EU's Jan-Feb 2023 Clothing Imports

TheEU

03 May 2023, Mumbai 

EUROSTAT has released data on EU clothing imports for January-February 2023, which reveals a decline of 2.03% in value and 10.09% in quantity compared to the same period in 2022.

What all you need to know

China and Turkey, the top apparel import sources, experienced declines of 13.11% and 11% respectively. Bangladesh, the second largest apparel import source after China, increased imports by 5.47% in value but saw a decline of 3.02% in quantity.

India, Vietnam, and Pakistan showed positive growth while other countries including Turkey experienced a decline.

The growth seen in Bangladesh is attributed to the inflated prices of raw materials and production costs, but the export volume has declined.

CREDITSBGMEA Press Release.

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